Vietnam increases car imports from RoK
VOV.VN - Vietnam imported a total of 328 completely built-up (CBU) cars from the Republic of Korea (RoK) during the opening two months of the year, representing a 13-fold increase compared to the same period from last year, according to the General Department of Vietnam Customs.
The department stated that Vietnamese exports to the RoK recorded an annual surge of 7.3% to US$3.16 billion during the reviewed period, thereby accounting for 6.5% of total turnover.
Most notably, the country spent US$8.4 billion on imports, representing an increase of 6.7% compared to the year previously and accounting for 17.8% of Vietnamese import turnover.
During the opening two months of the year, three groups of products from the RoK recorded import turnover of over US$1 billion, including computers, electronic products and components, phones and components and equipment.
The number of CBU cars imported from the RoK witnessed a 13-fold increase to 328 compared to only 23 units during the first two months of the previous year.
Major Vietnamese export groups to the RoK included computers, electronic products and components, phones and components and equipment.
Vietnam also exported other goods such as garments, timber and wood products, footwear, and seafood to the RoK.
